InvestorsHub Logo
icon url

Pro-Life

04/21/14 11:28 AM

#7750 RE: naturalborninvestor #7749

Watch the price of the underlying commodity... a huge drop today...

http://palladiuminvestingnews.com

Based upon headlines at the link above, I can only guess that the drop in the price of palladium is linked to options expiry.
icon url

THREE-DAY-TRADER

04/21/14 9:06 PM

#7758 RE: naturalborninvestor #7749

Barely hanging onto the recent support of .30. And PAL hit .295 after hours today = wake up call!! Prior patterns indicate this is at risk for another leg down. The .20's in regular hours likely soon this week.--- Sorry, but it is reality. Anyone who has been presuming .30 as bottom recently during all this new dilutive financing is not being practical or realistic.
A person who already bought near .30 should in the very least be prepared for .20's to scale in again. But I also believe that once this interim weakness is over (.20?? - .30??), it will be buying opportunity & we could see .50-.60 or maybe more by summer for shor term trade.